Graduate openings 'put on hold due to credit crunch'
06-08-2008
Graduates may have to postpone their dreams of an ideal job, as employers are increasingly putting new positions on hold, new evidence shows.
A recent survey by graduate website Milkround found that 64 per cent of graduates want a job in their area of study, but 10 per cent of graduates expect to be diverted into another industry.
Speaking for Milkround, Mike Bernard commented: "There are clear signs graduates will need to be more savvy than ever in their hunt for work and not rely on the usual high numbers of vacancies available in previous years".
He also said the credit crunch means that graduate places may be sparse, depending on the cutbacks various companies make in response to the economic slowdown.
Meanwhile, according to records kept by the Association of Graduate Recruiters, the average starting salary for graduates ranges from £22,000 to £24,000, the Telegraph reported.
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